PFTSA offers a defined contribution plan:
6% of the gross salary > 10% administration costs > Interest > Old age pension + widow/er pension [optional].
At PFTSA, we provide essential flexibility for both employers and employees:
The above makes way for a chance of higher interest.
SWITCHING PENSION PROVIDER
You will still earn interest annually and, at retirement date, will receive your pension.
Married and children under 21 or 27 years studying and/or disabled: Accrued capital will be used to buy a partner pension and orphan pension.
70% of the accrued capital will be paid out as a lump sum to the beneficiaries as stipulated on the Beneficiary Form.